Intel’s gross margin was put at 58% for the quarter as well and the company said that the quarter played out mostly as expected. For the coming quarter, Intel sees revenues of $12.7 billion, with its usual plus-or-minus $500 range on it. Thomson Reuters has the coming quarterly earnings report showing a consensus of about $12.9 billion in revenue.
What has been amazing is the recovery we have seen in intel despite what is nothing short of a very weak PC economy that is growing to be dominated by tablets and smartphones. After closing at $22.68, the 52-week range is $19.23 to $29.27 and that 52-week low was as recently as November.
The after-hours reaction has been mixed and shares are currently trading down close to 2% at $22.20 so far.